GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Oct. 31, 2012

GOODWILL AND INTANGIBLE ASSETS [Abstract]

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the nine months ended October 31, 2012, were as follows:

	Gross Carrying			Accumulated
	Amount			Impairment				Goodwill, Net
	(in thousands)
Balance at January 31, 2012		$	22,020		$	(15,608	)		$	6,412
Impact of foreign currency translation			143			—				143
Additions			2,356			—				2,356
Balance at October 31, 2012		$	24,519		$	(15,608	)		$	8,911

Finite-Lived Intangible Assets

The Company monitors the indicators for goodwill impairment testing between annual tests. No adverse events occurred during the nine months ended October 31, 2012 that would cause the Company to test goodwill for impairment.

Intangible Assets

	October 31,			January 31,
	2012			2012
	(in thousands)
Amortizable intangible assets
Customer relationships	$	1,480		$	—
Trade name		317			—
		1,797			—
Less: accumulated amortization		(150	)		—
Net amortizable intangible assets	$	1,647		$	—

Estimated Amortization Expense

Amortization of intangible assets was $88,000 and $145,000 for the three and nine months ended October 31, 2012 respectively. For the three and nine months ended October 31, 2011, amortization of intangible assets was zero and $14,000, respectively. Amortization of intangible assets is included in "General and administrative" in the accompanying Condensed Consolidated Statements of Income and Comprehensive Income. The following table summarizes the estimated amortization expense relating to the Company's intangible assets as of October 31, 2012:

Fiscal Years	(in thousands)
2013 remaining	$	90
2014		359
2015		359
2016		359
2017		360
Thereafter		120

$ 1,647